Title :
Impact of sub-hourly bidding in power exchanges in India
Author :
Barpanda, S.S. ; Saxena, S.C. ; Dey, Kaushik ; Pawan Kumar, K.V.N.
Author_Institution :
Power Syst. Oper. Corp. Ltd. (POSOCO), New Delhi, India
Abstract :
Multiple Power Exchanges were introduced in India in 2008 and began with an hourly bidding structure. This paper details the impact of 15 minute bidding introduced in Power Exchanges in India from April, 2012 on the portfolio management of utilities. A literature survey of international practices has also been carried out. It is observed that the 15 minute bidding has modified the scheduling pattern, ramping behaviour, portfolio management of state utilities, price discovery and helped in integration of renewable energy in the Indian Electricity Market.
Keywords :
financial management; power markets; tendering; India; electricity market; portfolio management; power exchanges; price discovery; renewable energy; state utilities; Contracts; Generators; Portfolios; Power markets; Renewable energy sources; Scheduling; Bidding; Integration of Renewables; Power Exchange; Sub-Hourly Market;
Conference_Titel :
Energy Economics and Environment (ICEEE), 2015 International Conference on
Conference_Location :
Noida
Print_ISBN :
978-1-4673-7491-0
DOI :
10.1109/EnergyEconomics.2015.7235075
